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Commodities Briefing - Categorized | Bullion/Gold, Price Watch, Trends more

This gold price fall is a bad omen

Posted on 17 April 2013

Speculation on the cause is rife but one thing is certain – gold’s special place in finance means there will be repercussions. After years of attracting strong demand from fearful investors, a crash in gold prices on Monday caught the financial world on the hop.
In London the price was officially “fixed” at $1,395 per troy ounce, down 9.2% from Friday. Eight hours later on the New York market, the price for immediate delivery was down 9.1% from Friday at $1,365 an ounce. Most other commodity prices fell in gold’s wake. By Monday evening Brent oil fell below $100 a barrel for the first time since July 2012…………………………………….Full Article: Source


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